Property Overview: 982 Manitoba Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Burrows Central presents a practical opportunity. Its key features include a renovated basement, a detached garage, and a notably generous 3,861 sqft lot that is larger than most in both the immediate area and the wider neighbourhood. Built in 1966, the house itself is newer than many of its local peers, offering potential modern advantages in its core structure. The living space of 963 sqft is typical for the area, making it a comfortable size for smaller households or first-time buyers.

The primary appeal lies in its strong positioning within the local market. The property's assessed value ranks well above the neighbourhood average, suggesting a solid foundation of perceived worth. This isn't a sprawling estate, but a grounded, manageable property on a larger-than-average parcel of land. It would suit a buyer looking for a home with room to breathe and possibly expand outdoors, without the maintenance burden of a massive house. It's particularly fitting for a first-time homeowner, a downsizer seeking a single-level layout, or an investor attracted by the renovated basement suite potential and the property's standout value within its community context.

Section 2: Frequently Asked Questions

1. How does the lot size compare practically?
At 3,861 sqft, the lot is significantly larger than the Burrows Central average (~3,491 sqft). This translates to more usable backyard space, greater distance from neighbours, and potential for additions like a shed, garden, or deck.

2. What does the "above average" assessed value indicate?
While the city-wide assessed value is modest, it ranks in the top 12% for the Burrows Central neighbourhood. This typically suggests the property is considered more desirable or improved than many around it, which can be a positive signal for stability and future resale within the area.

3. Is the 1966 build date an advantage?
Yes, locally. It means the home is decades newer than many in the historic core of the neighbourhood, potentially indicating updates to foundational elements like wiring, plumbing, and insulation compared to much older homes.

4. Who might find the living area limiting?
At 963 sqft, the main floor living space is compact. It would comfortably suit individuals, couples, or small families. Those needing multiple dedicated bedrooms, a home office, or extensive common areas may find the layout cozy.

5. What is the context of the 2022 sale price?
The home sold for $300k in June 2022, which at the time was well above the neighbourhood average. This recent sale provides a concrete market benchmark, showing that buyers have recently valued this property significantly higher than typical area homes.